|Day Low/High||54.64 / 55.67|
|52 Wk Low/High||27.77 / 64.95|
You could get in here, but be sure to set a stop just below support.
Recent volatility has dimmed the LED maker's shares, but its upside is real.
The LED maker beat earnings estimates, but bookings and margins are worrisome.
On disappointing reports from Cree and SemiLEDs, I have sold Veeco and Aixtron.
I'd be a buyer now, but only with a protective stop below this key level.
The bank's recent stock performance gives me a reason to be optimistic about it and financials in general.
Industry capacity will get back in sync with demand and LED chip pricing will firm if not improve.
More than anything else, you shoould focus on where buyers get aggressive here.
Notwithstanding the rally Wednesday, all that's changed for this company has been the name plate on the door of the CEO.